Galaxy Asset Management: “Now Is The Time” to Buy Bitcoin

Galaxy Asset Management is advocating for investors to buy Bitcoin now, asserting that 'the bottom is in.' Alex Thorn, an analyst at Galaxy, provides a technical rationale for this recommendation. He highlights that Bitcoin's historical performance shows that once it reclaims its 50-week moving average, the subsequent downside movement for the asset has typically been constrained to only about 8.4%. This analysis suggests a strong potential for limited risk and an opportune entry point for Bitcoin investment, according to Galaxy Asset Management.